Unemployment Rate Rises to 5.3% in Q1 2024

BusinessEconomyNewsNigeriaUnemployment Rate Rises to 5.3% in Q1 2024

By Ezinwanne Onwuka (Senior Reporter)September 25, 2024

NBS Reports Gender and Regional Disparities Nigeria’s unemployment rate rose to 5.3 per cent in the first quarter of 2024, compared to 5.0 per cent in the last quarter of 2023, the National Bureau of Statistics, NBS, disclosed on Tuesday. This increase highlights a concerning trend, with more Nigerians unable to secure jobs. The report from NBS further broke down the figures by gender and location. Unemployment among females stood higher at 6.2 per cent,...

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CBN Hikes Interest Rate by 50 Basis Points as Inflationary Pressures Mount

BusinessEconomyNewsCBN Hikes Interest Rate by 50 Basis Points as Inflationary Pressures Mount

By Ezinwanne Onwuka (Senior Reporter)September 25, 2024

The Central Bank of Nigeria, CBN, has raised the Monetary Policy Rate, MPR, to 27.25 per cent, a 50-basis-point increase from 26.75 per cent. This decision was reached during the 297th meeting of the Monetary Policy Committee held in Abuja on Tuesday. The Governor of the CBN, Mr Yemi Cardoso, who chaired the meeting, explained that the rise is aimed at controlling inflation, which remains a major concern. In addition, the cash reserve ratio for...

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FG Approves Consolidated Public Service Salary Structure For Workers

EconomyNewsNigeriaFG Approves Consolidated Public Service Salary Structure For Workers

Hassan Umar Shallpella (Regional Correspondent)September 25, 2024

Following the signing of Memorandum of Understanding (MoU) between the Federal Government and labour leaders on the implementation of new Minimum Wage, the federal government has approved the upward review of the consolidated public service salary structure (CONPSS). Recall that on July 29, President Bola Tinubu signed the minimum wage bill into law and on September 20, the committee on consequential adjustments in salaries for civil servants said the agreement will come into effect from...

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Flood Sacks Families in Anambra Estate, Residents Call for Help

NewsNigeriaFlood Sacks Families in Anambra Estate, Residents Call for Help

PilotnewsSeptember 24, 2024

Monday’s torrential rainfall in Awka, Anambra State, has displaced over a dozen families from their homes in Ngozika Estate. The flood, caused by heavy downpour overnight, affected many families in Ngozika Estate, the capital city of Anambra State. Although Anambra was initially identified as one of the states at risk of flooding this year, specific local governments have been flagged as particularly prone to flooding. Residents in those areas have been warned to seek safer...

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Nigeria Reiterates Call for Africa’s Permanent Seat on UN Security Council

NewsNigeriaPoliticsNigeria Reiterates Call for Africa’s Permanent Seat on UN Security Council

By Ezinwanne Onwuka (Senior Reporter)September 24, 2024

Nigeria has once again made a strong case for Africa’s permanent representation on the United Nations Security Council. The Minister of Defence, Mohammed Badaru, made this call during his address at the 79th United Nations General Assembly, UNGA, in New York on Sunday. Badaru highlighted Nigeria’s significant contributions to global peacekeeping, stating that the country has participated in 41 peacekeeping missions worldwide and deployed over 200,000 troops in various United Nations operations. He emphasised, “Nigeria...

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Kachalla Sharme, Mastermind Behind Bethel Baptist Kidnapping, Killed

Crime & SecurityNewsNigeriaKachalla Sharme, Mastermind Behind Bethel Baptist Kidnapping, Killed

By Ezinwanne Onwuka (Senior Reporter)September 24, 2024

The Kaduna State Government has confirmed the death of Kachalla Sharme, a notorious bandit commander linked to the abduction of 121 students from Bethel Baptist High School in 2021. Sharme was killed in a clash between rival bandit groups over the weekend at Hambakko in the Rijana and Kaso forests, spanning Kachia, Chikun, and Kajuru local government areas. In a statement on Monday, Samuel Aruwan, the Commissioner for Internal Security and Home Affairs, revealed that...

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US Pledges Aid to Victims of Borno Floods

NewsNigeriaUnited StatesUS Pledges Aid to Victims of Borno Floods

By Ezinwanne Onwuka (Senior Reporter)September 24, 2024

The United States has expressed deep sorrow over the devastating floods that have ravaged Maiduguri and other parts of Borno State, causing loss of lives, destruction of properties, and the displacement of numerous families. The US government extended its heartfelt condolences to the victims, their families, and everyone affected by the disaster. “The United States is deeply saddened by the devastating floods that have affected Maiduguri and other parts of Borno State, resulting in loss...

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DSS Releases 6 Protesters in Kaduna, Arraigns 3 Others

Crime & SecurityNewsNigeriaDSS Releases 6 Protesters in Kaduna, Arraigns 3 Others

By Ezinwanne Onwuka (Senior Reporter)September 24, 2024

The Department of State Services, DSS, has released six of the protesters arrested during the #EndBadGovernance demonstrations in Kaduna State. The protests, which took place between 1 and 10 August 2024 were organised in response to the economic difficulties facing Nigerians. Sources within the DSS confirmed on Sunday that the six protesters were released after investigations were concluded, while three others are set to be arraigned. A DSS source said, “On September 19, 2024, six...

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Edo Election: Blatant Example Of State Capture – Obi

NewsNigeriaPoliticsEdo Election: Blatant Example Of State Capture – Obi

Uzoamaka Ikezue (Staff Reporter)September 24, 2024

…Says Security Operatives, Lecturers, Others Complicit In Perpetuating Charade Peter Obi, the Presidential Candidate of the Labour Party (LP) in the 2023 general elections has said that all the things that happened in Edo State over the weekend in the name of an election can best be described as a flagrant example of state capture, which shouldn’t stand. Obi stated this on his X handle on Monday, stressing that any nation whose leadership recruitment process...

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Borno Flooding:  Politicians Lead150 Youth Volunteers To Disinfect Community

HealthNewsNigeriaBorno Flooding:  Politicians Lead150 Youth Volunteers To Disinfect Community

Uzoamaka Ikezue (Staff Reporter)September 24, 2024

Ahmed Satomi, a member of the House of Representatives and Hon. Abba Kyari, a member of the Borno State House of Assembly, representing Jere local government area on Monday, led 150 youth volunteers and stakeholders to fumigate and disinfect the communities against waterborne diseases. It will be recalled that flooding ravaged Maiduguri and Jere cities, destroying 70 percent of public and government critical infrastructures such as schools, hospitals, markets, roads, and bridges. They began the...

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